Global Bond Fund Review: June 2012

The CFAL Global Bond Fund continued to deliver a solid performance in Q2 2012, ending the quarter with a 2.28 percent return. The fund outperformed its benchmark, Merrill Lynch Global Broad Market Index (7-10yrs) by 128 basis points.Fears of European sovereign default and a weakening global economy drove a flight to safety, and a slight widening of corporate spreads during the quarter. In the face of these uncertainties, we remain disciplined as we continue to seek out attractively priced issues with intermediate term duration.

Read CFAL Global Bond Fund Second Quarter Review

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